The China-U.S. Rivalry Favours ASEAN’s Economic Rise
The geopolitical tension between the two largest economies, the USA and China, has greatly benefitted the ASEAN (Association of Southeast Asian Nations) Economies. According to the data the International Monetary Fund (IMF) shared, ASEAN nations have long benefited from decades of globalisation, building strong trade links with China and the
ASEAN’s Journey to Semiconductor Supremacy
Will ASEAN Countries Be Able To Stop China And The US? A Vietnamese company, Amkor Technology, is a global leader in outsourced semiconductor assembly and testing. In late 2023, they opened a state-of-the-art facility in Bac Ninh, Vietnam. The factory is projected to employ around 10,000 employees at full capacity,
Frugality, Consumerism, and Investment: A Global Snapshot of Cultural Financial Norms
The contrast in cultural attitudes towards saving and investment between East Asian and Western cultures is stark. In East Asia, countries like China and Japan are known for their high savings rates, which are influenced by cultural values emphasising frugality and future security. For instance, Japan’s traditional practice of Kakeibo,
Yoon And Ishiba Strategic Meeting At ASEAN Summit
South Korean President and Japan’s Prime Minister Shigeru Ishiba are set to hold their first meeting on the sidelines of the ASEAN (Association of Southeast Asian Nations) conference. With this summit, both nations seek to deepen security and economic ties. This is the first meeting since Ishiba took office on
Silk Road 2.0: Connecting Continents, Fueling Economies
Re-opening the Silk Road is expected to significantly boost trade and economic growth. The revival of this historic route through China’s Belt and Road Initiative (BRI) aims to enhance trade routes across Asia, Europe, and Africa, potentially increasing global trade by up to $2.5 trillion annually within a decade. This
AI Should Speak Your Language: Unlocking AI’s Potential of Local Languages
Artificial Intelligence (AI) is transforming industries and societies worldwide, but its true potential can only be realised when it is accessible and relevant to diverse linguistic and cultural contexts. In Asia, a region characterised by its diverse range of languages and cultures, developing AI in local languages is not just
Alex Hungate: The Architect of Grab’s Superapp Success
The rapid pace of digital transformation presents a formidable challenge for tech companies striving to integrate diverse services into a cohesive and efficient ecosystem. As consumer expectations continuously evolve, companies must innovate and adapt to maintain their edge. Alex Hungate, Chief Operating Officer of Grab, has met this challenge head-on
Noman Amiruddin: Blending Innovation with Core Values at CIMB
The financial industry is no stranger to challenges, from regulatory changes and economic fluctuations to technological advancements and shifting consumer expectations. Novan Amirudin has faced these headwinds head-on, leveraging his extensive experience to navigate CIMB through a complex landscape. One of the significant challenges he addressed was the need for
Is Thailand About to Become Google’s New Tech Hub?
Google announced on Monday that it plans to invest 36 billion Thai baht, equivalent to $1 billion, in Thailand to expand its presence in Asia. With the investment, Google plans to develop a data centre and expand Thailand’s cloud infrastructure. This will be Google’s first data centre in Chonburi, an
Investors Turning to ASEAN Market Amid Easing Inflation
As the market expectations of interest rate cuts by the Federal Reserve are growing, investors are now looking forward to high-growth investing opportunities in the ASEAN market. It will derive more benefits for the market positioning to benefit from tamed inflation. Since the middle of August month, the Southeast Asian
